This bill appropriates additional funds to the Office of the State Board of Education for fiscal years 2025 and 2026, including a total of $360,700 for various programs such as administration, IT and data management, and school safety. Notably, it includes an increase in full-time equivalent positions by one for the same period. The bill also mandates the Office to submit a report by December 31, 2025, detailing the use of appropriated funds over the past five years to enhance credit and transcript mobility for Idaho students.

Furthermore, the bill outlines a transition to outcomes-based funding models for both higher education institutions and community colleges, with proposals due by December 31, 2025, and implementation planned for fiscal year 2028 or earlier. It also provides reappropriation authority for unspent funds from the American Rescue Plan Fund for nonrecurring expenditures. The bill includes specific conditions, limitations, and restrictions on the appropriations made, and declares an emergency for immediate effect on certain sections upon passage.